2018-05-15T09:56:46-05:00 2017-06-30 COHNREZNICK LLP 7501 WISCONSIN AVENUE 400E BETHESDA MD 208146583 990 2016-07-01 530211355 MARET SCHOOL INC % ROBERT MCCARTHY MARE 2029398800 3000 CATHEDRAL AVENUE NW WASHINGTON DC 200083407 WILLIAM S HODGETTS ASST HEAD - FINANCE 2029398800 2018-05-15 true GLENN M SHELTON P00228007 3016529100 2018-05-14 2016 2022-09-23 18:48:47Z MARJO TALBOTT 3000 CATHEDRAL AVENUE NW WASHINGTON DC 20008 31917892 false X WWW.MARET.ORG X 1937 DC MARET IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS. 25 25 157 415 0 3798871 5595628 23167667 24035446 -1452905 1003977 383973 398932 25897606 31033983 3886074 4100123 0 0 15625009 16134231 0 0 761004 8534280 8938178 28045363 29172532 -2147757 1861451 79266426 84391956 29933333 28941743 49333093 55450213 X MARET SCHOOL IS A VIBRANT K-12, CO-EDUCATIONAL, INDEPENDENT SCHOOL IN WASHINGTON, DC. WE IGNITE OUR STUDENTS' POTENTIAL AND FOSTER THEIR ACADEMIC, ARTISTIC, AND ATHLETIC TALENTS. WE DEVELOP THE MIND, NURTURE CURIOSITY, WELCOME CHALLENGE, EMBRACE JOY, AND BUILD COMMUNITY THAT IS EQUITABLE AND INCLUSIVE. false false 24308139 4100123 24035446 PROVIDE EDUCATION TO APPROXIMATELY 645 STUDENTS, FROM KINDERGARTEN THROUGH GRADE TWELVE. 24308139 true true false false false false false false false true true false false false true true true false true false false false false false true false false false true true true false false false false false false true false false false true false false false false false false false false true 155 0 true 157 true false false false false false true true false false false false X 25 25 false false false false false false false true true false false true true true true true true true true false X ROBERT MCCARTHY 2029398800 3000 CATHEDRAL AVE NW WASHINGTON DC 20008 X MARY MENELL ZIENTS PRESIDENT 2.0 0.0 X X 0 0 0 IAN CAMERON VICE PRESIDENT 2.0 0.0 X X 0 0 0 MICHAEL BESCHLOSS SECRETARY 2.0 0.0 X X 0 0 0 TRAVIS ALLEN TREASURER 2.0 0.0 X X 0 0 0 JUDY BACON TRUSTEE 2.0 0.0 X 0 0 0 JEAN BADERSCHNEIDER TRUSTEE 2.0 0.0 X 0 0 0 M JAMES BARRETT TRUSTEE 2.0 0.0 X 0 0 0 KEN BROTMAN TRUSTEE 2.0 0.0 X 0 0 0 E KAY COWAN TRUSTEE 2.0 0.0 X 0 0 0 ARI FITZGERALD TRUSTEE 2.0 0.0 X 0 0 0 Daniel Hartman TRUSTEE 2.0 0.0 X 0 0 0 WILLIAM R MALONI JR Assistant Treasurer 2.0 0.0 X X 0 0 0 DIANE MOONEY Assistant Secretary 2.0 0.0 X X 0 0 0 Marc Lampkin TRUSTEE 2.0 0.0 X 0 0 0 MICHELE NORRIS-JOHNSON TRUSTEE 2.0 0.0 X 0 0 0 CASSIE MELTZER PERGAMENT TRUSTEE 2.0 0.0 X 0 0 0 ANDREA REID TRUSTEE 2.0 0.0 X 0 0 0 Muriel Wilkins TRUSTEE 2.0 0.0 X 0 0 0 LEIGH COMAS TRUSTEE 2.0 0.0 X 0 0 0 TOM MONAHAN TRUSTEE 2.0 0.0 X 0 0 0 TED STETTINIUS TRUSTEE 2.0 0.0 X 0 0 0 ESMA AKIN TRUSTEE 2.0 0.0 X 0 0 0 MARGARET JOHNSON TRUSTEE 2.0 0.0 X 0 0 0 MICHAEL KIRSHBAUM TRUSTEE 2.0 0.0 X 0 0 0 VADIM NIKITINE TRUSTEE 2.0 0.0 X 0 0 0 MARY JOSEPHINE TALBOTT HEAD OF SCHOOL 50.0 0.0 X 469329 0 107986 DARWIN WALKER ASSISTANT HEAD: FINANCE & OPS 50.0 0.0 X 283914 0 32824 SALLY DUNKELBERGER DIRECTOR OF DEVELOPMENT 50.0 0.0 X 196759 0 29968 SUSAN EPPS ASST HEAD: FACULTY DEVEL 50.0 0.0 X 145464 0 12000 Blake Spraggins Asst Head: Academic Affairs 50.0 0.0 X 135350 0 15917 ANNIE FARQUHAR DIR OF ADMISSIONS 50.0 0.0 X 148561 0 12540 JAIME ESTRADA LANGUAGE DEPT CHAIR 50.0 0.0 X 143911 0 24747 CHRISTINA KYONG DIRECTOR MIDDLE SCHOOL 50.0 0.0 X 133676 0 10920 1656964 0 246902 27 false true false 0 497207 5098421 594406 5595628 TUITION AND FEES 900099 22884773 22884773 SUMMER PROGRAMS 900099 1051418 1051418 STUDENT ACTIVITIES 900099 99255 99255 24035446 999329 999329 0 0 0 0 0 745562 2278 743192 2370 2278 4648 4648 342575 497207 140717 201858 201858 0 0 0 0 0 0 OTHER INCOME 900099 197074 197074 197074 31033983 24035446 1402909 0 4100123 4100123 0 0 1130703 888134 208333 34236 0 12170122 9601765 2170813 397544 815970 620530 195440 1093077 866544 133193 93340 924359 750437 165926 7996 0 66923 66923 40650 40650 0 0 0 1228607 493264 726984 8359 17 17 356474 100190 175528 80756 226408 214930 11478 0 408427 408427 180369 70098 108891 1380 0 166937 139992 21994 4951 596962 596962 0 2133558 2133558 160858 160858 OVERHEAD EXPENSE ALLOCATION 0 4227168 -4268189 41021 SCHOOL DEPARTMENT EXPENSES 1173216 1173216 SCHOOL LUNCH PROGRAM 855851 855851 PROFESSIONAL DEVELOPMENT 43468 43468 1299453 162429 1057081 79943 29172532 24308139 4103389 761004 8766746 8470041 0 0 685345 2298652 241745 216228 0 0 0 0 0 0 0 0 151876 191884 52289654 21825969 31873478 30463685 37279455 42505544 0 0 0 0 0 0 267781 245922 79266426 84391956 957526 1033674 0 0 10262838 10585784 14869206 14449200 0 0 0 0 0 0 0 0 3843763 2873085 29933333 28941743 X 27409217 29916376 5410297 8903377 16513579 16630460 49333093 55450213 79266426 84391956 X 1861451 3149859 1105810 X false true X true false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20008466 116881 2007132 681266 21451213 20687546 394857 -471917 602020 20008466 21643186 95936 -391311 660265 20687546 19336785 225232 2579816 498647 21643186 17916157 208059 1665730 453161 19336785 0.77530 0.22470 false false 126082 126082 45523788 17107837 28415951 2204144 1499685 704459 611671 571574 40097 3823969 2646873 1177096 30463685 0 AMOUNTS HELD ON BEHALF OF OTHERS 348050 DEFERRED COMPENSATION 535289 CAPITAL LEASE OBLIGATION 71611 INTEREST RATE SWAP MARKET VALUATION 1918135 2873085 X 31327968 3149859 -2994313 155546 31172422 -138439 -138439 31033983 25210848 138439 138439 25072409 4100123 4100123 29172532 SCHEDULE D, PART X, LINE 2 The School is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code ("IRC"), except for unrelated business income, as defined by the IRC. The School did not have any unrelated business income during the years ended June 30, 2017 and 2016. Accordingly, these statements do not reflect a provision for income taxes. The School is required to file, and does file, tax returns with the Internal Revenue Service ("IRS") and other taxing authorities. Tax returns filed by the School are subject to examination by the IRS for a period of three years. While no income tax returns are currently being examined by the IRS, tax years since 2014 remain open. The School has adopted the income tax standard for uncertain income tax positions. During the years ended June 30, 2017 and 2016, the School did not identify any uncertain tax positions that qualify for either recognition or disclosure in the financial statements. SCHEDULE D, PART V, LINE 4 THE SCHOOL'S ENDOWMENT CONSISTS OF 30 INDIVIDUAL DONOR-RESTRICTED FUNDS ESTABLISHED FOR SCHOLARSHIPS AND RELATED ACADEMIC ACTIVITIES. SCHEDULE D, PART XI, LINE 2D financial aid to students: ($4,100,123) Gain on Interest Rate Swaps: $1,105,810 ___________ ($2,994,313) SCHEDULE D, PART XI, LINE 4B FUNDRAISING EXPENSES: ($140,717) GAIN INCLUDED WITH EXPENSES ON F/S: $ 2,278 __________ ($138,439) SCHEDULE D, PART XII, LINE 2D FUNDRAISING EXPENSES: $140,717 GAIN INCLUDED WITH EXPENSES ON F/S: ($ 2,278) __________ $138,439 SCHEDULE D, PART XII, LINE 4B FINANCIAL AID TO STUDENTS: $4,100,123 true true true true true true true false false false false false false false false false true SCHOOL'S NONDISCRIMINATORY POLICY - SCHEDULE E, PART I, LINE 3 THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE WASHINGTON POST ON A PERIODIC BASIS. Auction 839782 497207 342575 8972 64933 66812 0 839782 497207 342575 8972 64933 66812 140717 201858 true FINANCIAL AID 156 4100123 MONITORING THE USE OF GRANT FUNDS - PART I, LINE 2 ALL FINANCIAL AID GRANTS ARE APPLIED TO THE STUDENTS' TUITION. X X true true X X X X X X false true false false false false false false false MARY JOSEPHINE TALBOTT HEAD OF SCHOOL 394329 0 0 0 75000 0 94366 0 13620 0 577315 0 0 0 DARWIN WALKER ASSISTANT HEAD: FINANCE & OPS 283914 0 0 0 0 0 23744 0 9080 0 316738 0 0 0 SALLY DUNKELBERGER DIRECTOR OF DEVELOPMENT 196759 0 0 0 0 0 16348 0 13620 0 226727 0 0 0 SUSAN EPPS ASST HEAD: FACULTY DEVEL 145464 0 0 0 0 0 12000 0 0 0 157464 0 0 0 Blake Spraggins Asst Head: Academic Affairs 135350 0 0 0 0 0 11070 0 4847 0 151267 0 0 0 ANNIE FARQUHAR DIR OF ADMISSIONS 148561 0 0 0 0 0 12540 0 0 0 161101 0 0 0 JAIME ESTRADA LANGUAGE DEPT CHAIR 143911 0 0 0 0 0 11890 0 12857 0 168658 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVED A HOUSING ALLOWANCE AND PERSONAL SERVICES, WHICH INCLUDED HOUSE CLEANING AND LAWN CARE. PART I, LINE 4B THE HEAD OF SCHOOL AND THE ASSISTANT HEAD OF SCHOOL FOR FINANCE AND OPERATIONS PARTICIPATE IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN SECTION 457F. THE SCHOOL MADE a CONTRIBUTION OF $72,366 ON BEHALF OF THE HEAD OF SCHOOL and a contribution of $1,744 on behalf of the assistant-head of school into THIS PLAN IN 2016. A DISTRICT OF COLUMBIA 536001131 2548394p5 2009-10-07 17335000 REFINANCE TAX EXEMPT BONDS false false false A 2885800 0 17335000 0 0 0 0 0 0 0 17335000 0 true false true true A false false false false 0 false false false false A false false false true true true suntrust bank 15. false false false 0 false false A false NONQUALIFIED BOND - SCHEDULE K, PART III, LINE 9 THE BOND REFERENCED IS A BANK QUALIFIED BOND REBATE COMPUTATION DATE - SCHEDULE K, PART IV, LINE 2C THE REBATE COMPUTATION CALCULATION WAS LAST PERFORMED ON DECEMBER 9, 2013, SHOWING NO AMOUNT DUE. 66105 financial aid Tuition Assistance X 16 398547 FMV X auction items 567 195859 FMV false false false CONFLICT OF INTEREST POLICY FORM 990, PART VI, LINE 12C EACH BOARD TRUSTEE SIGNS A CONFLICT OF INTEREST POLICY STATEMENT ANNUALLY. PROCESS FOR DETERMINING COMPENSATION FORM 990, PART VI, LINES 15A & 15B DURING THE FIRST QUARTER OF 2013, A COMPENSATION COMMITTEE WHOSE MEMBERSHIP INCLUDED THE PRESIDENT, VICE PRESIDENT, AND TREASURER, HIRED AN INDEPENDENT COMPENSATION CONSULTANT WHO SURVEYED 25+ COMPARABLE SCHOOLS AND USED THAT DATA IN DETERMINING THE APPROPRIATE COMPENSATION FOR THE HEAD. THE KEY EMPLOYEE AND HIGHEST COMPENSATED EMPLOYEES' SALARIES ARE COMPARED TO THOSE AT COMPARABLE SCHOOLS. AVAILABILITY OF ORGANIZATION DOCUMENTS FORM 990, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. BOARD REVIEW OF FORM 990 FORM 990, PART VI, LINE 11B PRIOR TO FILING THE FORM 990, AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD TRUSTEE FOR REVIEW. FINANCIAL AID FORM 990, PART VII, SECTION A, LINE 1A, COL. (F) SEE SCHEDULE L, PART III, FOR ADDITIONAL INFORMATION REGARDING BOARD MEMBERS WHO WERE GRANTED FINANCIAL AID AS A RESULT OF A BLIND APPLICATION PROCESS. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 Gain ON INTEREST RATE SWAPS - $1,105,810